Meditation Groups Inc
- Assets
- $770.6k
- Revenue
- $338.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Ojai, CA
- Founding
- 01/1964
- Data as of
- 06/2022
- EIN
- 06-6054153
Organization Overview
Meditation Groups Inc is located in Ojai, CA. The organization was established in 1964. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Meditation Groups Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meditation Groups Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Meditation Groups Inc generated $338.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $638.7k during the year ending 06/2022. While expenses have increased by 16.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MEDITATION MOUNT IS TO PROMOTE THE BUILDING OF AN ENLIGHTENED AND COMPASSIONATE WORLD THROUGH THE POWER OF CREATIVE MEDITATION, INSPIRATIONAL EDUCATIONAL PROGRAMS, AND COMMUNITY-BASED EVENTS FOCUSED ON THE PRACTICAL APPLICATION OF THE FOLLOWING UNIVERSAL SPIRITUAL PRINCIPLES:RIGHT HUMAN RELATIONSTHE INCLUSIVE PRACTICE OF LOVING UNDERSTANDING THAT TREATS ALL BEINGS WITH RESPECT AND DIGNITY.GOODWILLA POWERFULAND ABUNDANT ENERGY THAT NOURISHES THE GREATEST GOOD FOR LIFE.GROUP ENDEAVORTHE GROUP-CONSCIOUS, COLLABORATIVE ENERGY THAT MOVES US TO THINK AND ACT PURPOSEFULLY TOGETHER ON BEHALF OF THE WHOLE.UNANIMITYTHE RECOGNITION OF THE FACT OF ONE HUMANITY AND THE IMPORTANCE OF EACH INDIVIDUAL AS A UNIQUE EXPRESSION OF THE ONE LIFE.SPIRITUAL APPROACHTHE INEVITABLE MOVEMENT OF LIFE TO AN EVER-EXPANDING STATE OF WHOLENESS AND JOY, THROUGH A LIVING RELATIONSHIP WITH THE DIVINE PRESENCE.ESSENTIAL DIVINITYTHE ACKNOWLEDGMENT AND HONORING OF THE DIVINE PRESENCE IN EVERY PERSON AND IN A
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLANETARY GARDEN OF PEACE-IT IS A TOUCH POINT FOR MANY VISITORS WHO FIND INSPIRATION, SOLACE, AND REJUVENATION BY SPENDING TIME THERE. IT IS TO BE SHARED BY ALL.
MEDITATION PROGRAMS: TO ENCOURAGE PEOPLE TO MEDITATE AND DISCOVER THEIR INNER LIFE THOUGH THE FOLLOWING MODALITIES:THE MEDITATION ROOM DAILY GUIDED MEDITATIONWEEKLY WALKING MEDITATIONMONTHLY FULL MOON MEDITATIONMONTHLY INTRODUCTION TO MEDITATION
EDUCATIONAL INITIATIVESWE PRESENT A ROBUST AND RELEVANT EDUCATIONAL PROGRAM THAT REFLECTS THE CORE WORK OF THE MOUNT. COURSES, WORKSHOPS AND DIALOGUES ARE IN THE AREAS OF MEDITATION TRAINING, SPIRITUAL LEADERSHIP, SOUL CENTERED LIVING AND THE NEW ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabetta Raspini Director | Trustee | 2 | $0 |
Halina Bak-Hughes Secretary | Trustee | 2 | $0 |
Sheldon Hughes Director | Trustee | 2 | $0 |
Diana Lang Director | Trustee | 2 | $0 |
Derek Dodd Director | Trustee | 2 | $0 |
Rosa Maria Romero Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86 |
| Related organizations | $0 |
| Government grants | $24,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,919 |
| Total Program Service Revenue | $215,278 |
| Investment income | $10,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,370 |
| Net Gain/Loss on Asset Sales | -$5,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,512 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $5,822 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,770 |
| Advertising and promotion | $62,677 |
| Office expenses | $40,493 |
| Information technology | $3,064 |
| Royalties | $0 |
| Occupancy | $33,928 |
| Travel | $726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,819 |
| Insurance | $49,564 |
| All other expenses | $3,032 |
| Total functional expenses | $638,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,100 |
| Savings and temporary cash investments | $2,199 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,941 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $310,067 |
| Investments—publicly traded securities | $347,538 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $797 |
| Other assets | $2 |
| Total assets | $770,644 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,702 |
| Total liabilities | $3,702 |
| Net assets without donor restrictions | $766,942 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $770,644 |